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Ansal Properties and Infrastructure Ltd. is engaged in the business of real estate development in residential, commercial and retail segments.
Ansal Properties disclosed a default of 94.32 Cr in principal on bank/FI loans for the last quarter. Total outstanding principal is 96.98 Cr, with total financial indebtedness at 183.37 Cr. Several projects remain under ongoing resolution processes.
Ansal Properties reports defaults on bank/FI loans: ₹94.32 Cr in principal default out of ₹96.98 Cr outstanding. Total financial indebtedness is ₹183.37 Cr. Several projects are managed by insolvency professionals.
Ansal Properties (in CIRP) disclosed significant defaults on bank/FI loans. Of 196.34 Cr outstanding principal, 193.67 Cr is in default. Total financial indebtedness stands at 282.72 Cr, with no unlisted debt defaults.
Ansal Properties & Infrastructure, undergoing CIRP, reported defaults on bank/FI loans for the quarter. Total outstanding principal is 196.34 Cr, with 193.67 Cr in default. Total financial indebtedness stands at 282.72 Cr.
ANSALAPI is under insolvency proceedings, with a Resolution Professional managing affairs. This, along with email compromise and tax authority searches, led to delayed Q1 financial results. The company contests non-compliance fines, arguing the insolvency moratorium prohibits such penalties.